Budget

The budget for 2007 was EUR 341.8 million, and the budget for 2008 is EUR 342.9 million.

How we are funded

• OECD is funded by its 30 member countries. National contributions are based on a formula which takes account of the size of each member's economy. The largest contributor is the United States, which provides nearly 25% of the budget, followed by Japan.
• With the approval of the Council, countries may also make voluntary contributions to special programmes or outputs not funded from the main budget.
  

How the budget is managed

The size of OECD's budget and its programme of work are determined on a two-year basis by member countries. The Organisation's planning, budgeting and management are all organised on a results-based system.

A Board of Auditors is responsible for independent external control of OECD's account and financial management. The Office of the Auditor-General was established in January 2003.

The Board is made up of four members of national audit offices in member countries, named by the OECD Council. The Board certifies the accounts and the Council then approves the Secretary-General's management.

Unlike the World Bank or the International Monetary Fund, OECD does not dispense grants or make loans.